• Car insurance premiums to rise to £600 after tax hike

    Car insurance premiums to rise to £600 after tax hike
    AA warns of soaring costs from June following autumn statement announcementCar insurance premiums are set to break through the £600 barrier for the first time next year as insurers pass on higher costs and this week’s premium tax hike, experts are warning. On Wednesday the chancellor, Philip Hammond, announced he is to increase insurance premium tax (IPT) from 10% to 12% from June.This means drivers, now typically paying around £50 a year to the Treasury when they insure their

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